News

Bitcoin crashes to lowest this year, losses top 25 percent in a week

Tom Wilson and Tommy Wilkes, Reuters
Posted at Nov 21 08:29 AM

Bitcoin sunk as far as $4,327, its lowest since October 2017. By mid-afternoon Tuesday, it was trading around $4,750 on the Bitstamp exchange. Read more »

Bitcoin falls below $5,000 for first time since 2017

Dmitry Zaks, Agence France-Presse
Posted at Nov 20 08:14 AM

Bitcoin, the world's most popular virtual currency lost 12.5 percent of its value from Friday evening to stand at $4,914.21 by 1930 GMT Monday (3 a.m. Tuesday in Manila), according to data compiled by the Coinbase digital exchange. Read more »

‘Digitize or perish’: UnionBank bets big on tech to drive growth

Jessica Fenol, ABS-CBN News
Updated as of Nov 15 07:18 AM

UnionBank's growth strategy has shifted to investing billions in digital instead of building new physical branches as technology redefines the financial industry, its president said Wednesday.  Read more »

Mining bitcoin uses more energy than Denmark: study

Marlowe Hood, Agence France-Presse
Posted at Nov 06 07:24 AM

There are now hundreds of virtual currencies like bitcoin and an unknown number of server farms around the world running around the clock to unearth them, more than half of them in China, according to a recent report from the University of Cambridge. Read more »

Birthday blues for bitcoin as investors face year-on-year loss

Tom Wilson, Reuters
Posted at Oct 31 10:24 PM

Bitcoin was heading towards a year-on-year loss on Wednesday, its 10th birthday, the first loss since last year's bull market, when the original and biggest digital coin muscled its way to worldwide attention with months of frenzied buying. Read more »

Rise, fall and suspense: Bitcoin's wild first decade

Kevin Trublet, Agence France-Presse
Posted at Oct 23 12:43 PM

Here is a look back at some of the trials and tribulations of the world's most popular virtual currency as it stands on the brink of either mass market acceptance -- or early retirement. Read more »

$60 million in virtual currency hacked in Japan

Agence France-Presse
Posted at Sep 20 12:18 PM

Osaka-based Tech Bureau, which operates virtual currency exchange Zaif, said its server had been illegally accessed and money transferred. Read more »

Cryptocurrency exchanges at risk of manipulation: US report

Anna Irrera, Reuters
Posted at Sep 19 09:58 AM

The New York Attorney General found that online platforms where virtual currencies such as bitcoin can be bought and sold by individuals operate with lower safeguards than traditional financial markets, are vulnerable to market manipulation and put customer funds at risk. Read more »

Chinese bitcoin mining rig makers aim for billions in HK IPOs - sources

Alun John and Julie Zhu, Reuters
Posted at Aug 27 03:12 PM

Soaring cryptocurrency prices last year triggered a boom in demand for specialist mining chips and in developing "mines" - facilities with thousands of machines that create the coins by solving complex mathematical puzzles. Read more »

Hackers target smartphones to mine cryptocurrencies

Helene Masquelier, Agence France-Presse
Updated as of Aug 22 12:06 PM

This new type of cyberattack is called "cryptojacking" by security experts.  Read more »

Bitcoin slips below $8,000 as investors step away from risk

Reuters
Posted at Jul 31 08:36 AM

Bitcoin briefly fell below $8,000 on Monday as investors scaled back their exposure to cryptocurrenices, after a sell-off in shares of technology and internet companies spilled over into other risky assets. Read more »

Blockchain held back by lack of programmers, says expert

ABS-CBN News
Posted at Jul 25 04:47 PM

Mainstream adoption of blockchain and cryptocurrencies is being held back by the lack of programmers and developers, an expert said on Wednesday.  Read more »

Hackers steal $30 million from top Seoul bitcoin exchange

Agence France-Presse
Posted at Jun 20 05:00 PM

Hackers stole more than $30 million worth of cryptocurrencies from South Korea's top bitcoin exchange, sending the unit's price falling around the world on Wednesday. Read more »

Bitcoin could 'bring internet to a halt': BIS

Agence France-Presse
Posted at Jun 18 08:07 PM

The Bank for International Settlements in a report warned digital currencies like bitcoin could overwhelm and break the internet if they continue to grow. Read more »

Bitcoin 'whales' pulling cryptocurrency strings

Kevin Trublet, Agence France-Presse
Posted at Jun 13 12:53 PM

So-called 'whales' or big players can 'dictate monetary policy, which is normally the function of a central bank or a government,' an analyst said. Read more »

Cryptocurrency market consolidating, says PDAX CEO

ABS-CBN News
Posted at Jun 11 08:18 PM

Bitcoin's fall from a dizzying exchange rate of 1 to $19,000 in December last year to around $7,000 today should be seen a "consolidation," one of the founders of a new cryptocurrency exchange said on Monday. Read more »

8 dayuhan na nasa likod umano ng investment scam, arestado

ABS-CBN News
Posted at Jun 08 02:03 AM

Nasa kustodiya rin ng pulisya ang may 500 Pinoy na empleyado na ginagamit umano para humimok ng mga kliyente para sa umano'y scam. Read more »

Cryptocurrency addicts seek treatment at Scottish clinic

Agence France-Presse
Posted at May 29 09:16 PM

A Scottish addiction clinic has begun treating people who are hooked on trading cryptocurrencies. Read more »

What you need to know before investing in crypto

ABS-CBN News
Updated as of May 29 07:34 AM

An investor who saw a 39,000 percent increase in his bitcoin investment warned on Monday that many cryptocurrency investment schemes right now are scams. Read more »

Kidnappers demand bitcoin ransom for teen

Agence France-Presse
Posted at May 22 11:01 PM

A gang who kidnapped a South African teenager from a playground at the weekend have demanded a ransom in bitcoin cryptocurrency worth about $123,000, police said Tuesday. Read more »